Forex Daily Forecast, Analysis and Prediction

1.3750 area looks likely to be today’s pivotal point.

The DAX Index gapped higher to kick off the trading session on Tuesday, and then shot towards the 15,350 level.

The CAC Index gapped higher to kick off the trading session on Tuesday as we started to see more Europeans jump into the marketplace after the Easter holiday on Monday.

The crude oil market is still looking likely to cause a lot of headaches for traders going forward.

The NASDAQ 100 slowed down a bit during the trading session on Tuesday, culminating in a massive move over the last three previous trading days.

The S&P 500 was rather choppy and quiet during the trading session on Tuesday as traders are struggling around the 4060 handle.

The euro has broken to the upside during the trading session on Tuesday to clear the 200-day EMA.

The British pound initially tried to rally during the trading session on Tuesday but gave back the gains to fall towards the 50-day EMA.

Gold markets rallied again during the trading session on Tuesday as we continue to see the US dollar slump slightly after the recent rally in yields.

The Australian dollar initially fell during the trading session on Tuesday to reach down towards the 0.76 level.

The Bitcoin market was very quiet again during the trading session on Tuesday as we continue the overall consolidation.

The DAX Index has opened with a strong gap higher and achieved more record values in early trading today.

The past week of trading in ETH/USD has achieved many elements that cryptocurrency speculators crave.

Short-term support levels have been brushed aside as the USD/ZAR has demonstrated that its bearish trajectory can still be contemplated.

The USD/INR is hovering within the middle ground of its higher short-term range and traders may believe it is time to get speculative.